AXA is becoming one of the most active company on the non-life insurance market in Poland.

1. AXA UBEZPIECZENIA
Gross Net Gross Net Gross Net Gross Net
1 Premium written 191.3 114.9 198.4 125.6 245.3 178.7 305.2 168.8
2 Increase/ decrease in unearned premiums -0.7 -6.3 -3.7 -1.4 38.4 40.8 65.7 30.8
3 Premium earned (1-2) 192.0 121.2 202.2 127.0 206.9 137.9 239.5 138.0
4 Claims incurred current year (10+20) 85.2 30.6 90.7 28.9 85.2 28.7 89.2 26.0
5 Increase/ decrease in other technical provisions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
6 Expenses (6.1.+6.2.) 89.7 74.3 86.7 73.8 96.3 81.5 135.0 98.9
6.1. administration expenses 12.6 12.6 12.5 12.5 23.0 23.0 29.8 29.8
6.2. commissions 77.1 61.8 74.2 61.3 73.4 58.5 105.2 69.1
7 Other technical income 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5
8 Other technical expenses 6.0 6.0 3.5 3.5 3.5 3.5 2.7 2.7
9 Underwriting result current year (3-4-5-6+7-8) 11.3 10.4 21.7 21.2 22.4 24.6 13.1 10.9
10 Result of the claims reserves, previous years 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
11 Underwriting result (9+10) 11.3 10.4 21.7 21.2 22.4 24.6 13.1 10.9
12 Investment income 10.3 10.3 73.2 73.2 75.5 75.5 4.2 4.2
13 Cost of investment activities 0.2 0.2 0.2 0.2 0.5 0.5 0.5 0.5
14 Other operating income 1.0 1.0 0.9 0.9 0.5 0.5 1.4 1.4
15 Other operating expenses 1.9 1.9 0.9 0.9 0.3 0.3 21.5 21.5
16 Gross financial result (11+12-13+14-15) 20.4 19.5 94.6 94.1 97.5 99.8 -3.3 -5.4
17 Corporate income tax 4.0 4.0 5.1 5.1 7.9 7.9 -1.0 -1.0
18 Other obligatory charges 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
19 Net profit/loss (16-17-18) 16.4 15.5 89.5 89.0 89.6 91.8 -2.3 -4.5
20 Claims incurred (4-10=21+22) 85.2 30.6 90.7 28.9 85.2 28.7 89.2 26.0
21 Claims paid 61.1 20.9 76.7 24.6 65.7 19.3 67.1 20.0
22 Increase/ decrease in claims reserves 24.1 9.8 13.9 4.4 19.5 9.5 22.1 6.0
23 Claims reserves 109.0 59.1 122.8 63.3 143.1 73.5 165.2 79.5
24 Unearned premiums 70.3 34.6 66.5 33.2 104.9 74.0 170.6 104.8
25 Insurance reserves total (23+24) 179.3 93.6 189.4 96.5 248.0 147.5 335.8 184.3
26 Claims ratio CY (4:3) 44.4% 25.3% 44.8% 22.8% 41.2% 20.8% 37.2% 18.8%
27 Claims ratio total (20:3) 44.4% 25.3% 44.8% 22.8% 41.2% 20.8% 37.2% 18.8%
28 Combined ratio CY (4+6):3 91.1% 86.6% 87.7% 80.9% 87.7% 79.9% 93.6% 90.5%
29 Combined ratio (20+6):3 91.1% 86.6% 87.7% 80.9% 87.7% 79.9% 93.6% 90.5%
N.
Basic managerial information (financial data in
million PLN)
2013 20142012 2015
Author:
Zbigniew Borys

2. AXA SA
Gross Net Gross Net Gross Net Gross Net
1 Premium written 184.3 81.7 258.5 155.1 318.3 194.3 321.3 206.3
2 Increase/ decrease in unearned premiums 8.2 2.8 44.1 48.1 54.9 51.6 3.0 -6.0
3 Premium earned (1-2) 176.1 79.0 214.3 107.0 263.4 142.8 318.3 212.4
4 Claims incurred current year (10+20) 117.9 57.2 116.8 58.5 112.2 55.4 141.2 76.2
5 Increase/ decrease in other technical provisions 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
6 Expenses (6.1.+6.2.) 51.9 33.1 77.3 54.6 112.8 87.4 157.9 137.1
6.1. administration expenses 25.9 25.9 27.5 27.5 27.7 27.7 31.2 31.2
6.2. commissions 26.1 7.2 49.8 27.2 85.1 59.7 126.8 105.9
7 Other technical income 0.2 0.2 0.1 0.1 0.2 0.2 0.5 0.5
8 Other technical expenses 2.7 2.7 2.4 2.4 1.0 1.0 4.6 4.6
9 Underwriting result current year (3-4-5-6+7-8) 3.7 -13.8 18.0 -8.4 37.5 -0.7 15.1 -5.1
10 Result of the claims reserves, previous years 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
11 Underwriting result (9+10) 3.7 -13.8 18.0 -8.4 37.5 -0.7 15.1 -5.1
12 Investment income 6.0 6.0 5.0 5.0 7.2 7.2 9.8 9.8
13 Cost of investment activities 0.1 0.1 0.1 0.1 0.2 0.2 2.4 2.4
14 Other operating income 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.2
15 Other operating expenses 0.4 0.4 0.4 0.4 1.5 1.5 0.4 0.4
16 Gross financial result (11+12-13+14-15) 9.5 -8.0 22.5 -3.8 43.1 4.8 22.2 2.1
17 Corporate income tax 0.1 0.1 -0.2 -0.2 0.2 0.2 -0.3 -0.3
18 Other obligatory charges 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1
19 Net profit/loss (16-17-18) 9.4 -8.2 22.7 -3.7 42.8 4.5 22.4 2.3
20 Claims incurred (4-10=21+22) 117.9 57.2 116.8 58.5 112.2 55.4 141.2 76.2
21 Claims paid 79.1 39.2 78.0 40.6 92.3 53.4 108.6 58.5
22 Increase/ decrease in claims reserves 38.9 18.0 38.7 17.9 19.9 1.9 32.6 17.8
23 Claims reserves 136.3 52.6 176.2 71.7 194.9 72.4 229.2 92.0
24 Unearned premiums 80.6 54.1 124.7 102.2 179.7 153.8 182.7 147.8
25 Insurance reserves total (23+24) 216.9 106.8 300.9 173.9 374.5 226.2 411.9 239.7
26 Claims ratio CY (4:3) 67.0% 72.4% 54.5% 54.7% 42.6% 38.8% 44.4% 35.9%
27 Claims ratio total (20:3) 67.0% 72.4% 54.5% 54.7% 42.6% 38.8% 44.4% 35.9%
28 Combined ratio CY (4+6):3 96.4% 114.3% 90.6% 105.7% 85.4% 100.0% 94.0% 100.5%
29 Combined ratio (20+6):3 96.4% 114.3% 90.6% 105.7% 85.4% 100.0% 94.0% 100.5%
2013 2014 2015
N.
Basic managerial information (financial data in
million PLN)
2012
Author:
Zbigniew Borys